News

Oil and gas development projects proceed with two key approvals: environmental permits and production licenses. They cover different aspects of a project and serve distinct legal purposes. Environmental permits cover the expected environmental and social impacts of operations. Production licenses...

The Energy Chamber of Trinidad and Tobago has urged Caribbean countries to reassess fuel security risks amid disruptions in the Strait of Hormuz, warning that import-dependent systems remain exposed to external shocks. Its statement, issued on April 23, referenced Guyana’s...

Rystad Energy said identical debottlenecking across three offshore developments in Guyana could unlock between 80,000 and 90,000 barrels per day (b/d) of additional production, targeting assets operated by ExxonMobil in the Stabroek Block. The consultancy identified the Uaru, Whiptail and...

ROTTERDAM, NETHERLANDS – Suriname is aiming to use its offshore oil resources to drive national development to levels comparable to Singapore, Staatsolie Managing Director Annand Jagesar said during a GranMorgu information session in the Netherlands on April 21. “We will...

Guyana said on Thursday that an oil tanker seized by U.S. forces while carrying Iranian oil was fraudulently flying its flag. The seizure comes amid increased tensions between the United States, Israel and Iran, with ongoing conflict and sanctions enforcement...

Saipem reported revenue of €3.5 billion for the first quarter of 2026, with earnings rising on stronger performance in its offshore and onshore engineering and construction segments. The company said on April 21 in Milan that adjusted earnings before interest,...

With Uaru set to come online this year, attention will turn to ExxonMobil’s next Stabroek Block development, Whiptail. ExxonMobil has been engaged in development drilling offshore, as it prepares to bring Whiptail online in 2027.  The project’s floating production, storage and...

ExxonMobil Guyana is seeking suppliers that can provide environmental, regulatory and socioeconomic consultancy services to support a broad range of offshore and onshore activities in Guyana. The request for information appeared in local newspapers on April 22, 2026. It is...

Stena Drilling Limited, through its Guyana branch, is inviting contractors and suppliers to submit expressions of interest (EOIs) for training services to support operations on the Stena Carron, which is operating offshore Guyana. The request, published by the Centre for...

The International Court of Justice (ICJ) will begin oral hearings on May 4 in the border controversy between Guyana and Venezuela, with proceedings expected to last at least a week and possibly extend further, Guyana’s Attorney General Mohabir Anil...